VOL. XLV

No 27

8-July-2002

GENERAL

Mommer Charts PowerShift Towards IOCs InUpstream Sector

Theaccelerated opening up of upstream oil to foreign investment by internationaloil companies (IOCs) in countries where sovereignrights have previously been protected by a combination of government andnational oil company hegemony, is set to undermine OPECs embedded concept ofresource sovereignty and subsequently market share, according to OPEC advisorBernard Mommer. In his book Global Oil and the Nation...